KASFAAKASFAA NEWSNEWSL ETTER Fall 2003 Volume 14 Number 1

A MESSAGE FROM OUR PRESIDENT Upcoming Dear Colleagues! Events I hope you have been having a great summer and that your registrations have gone well. I’m really enjoying my new role McMakin 2003 as your KASFAA President. What a KASFAA Fall wonderful opportunity I’ve had Conference representing at our SASFAA and Florence, KY NASFAA Meetings. In June we held our transition meeting at Oct. 29-31 the Farmington Historic Home in Louisville. At that time the old and new Boards met and exchanged positions and NASFAA Fall responsibilities. One of the highlights of the day was touring Training Workshop the 1800’s Plantation and lunch on the grounds. Frankfort, KY st Nov. 13 On July the 21 the Program Committee met at the Hilton Greater Cincinnati Airport Hotel where our fall 2003 2004 conference will be held. Our theme for our October meeting College Goal will be GET A CLUE WITH KASFAA. Be sure to mark your Sunday calendars and make plans to attend this event.Our Executive Statewide Board met the next morning with the new Committee Chairs Feb. 8 giving their goals for the upcoming year. Charles Vinson, Director of Financial Aid from , will SASFAA Conference be the instructor for our NASFAA Training in November. We Birmingham, AL will also be having the High School Counselors Workshops Feb. 15-18 that month. If everything goes right, we will have our Support KASFAA Spring Staff Workshop in December before the Holidays. Conference College Goal Sunday is in February. Please try and Louisville, KY volunteer for this worthwhile project. April 7-9 On a personal note, I want to thank everyone for their support and encouragement. I really look forward to serving NASFAA Conference you and this wonderful organization. I need your input and Minneapolis, MN direction and with your help we will serve our students and July 18-21 make the 2003 and 2004 school year a success.

KASFAA 1 Fall 2003 2003-2004 KASFAA Executive Board

President Vice President of Training Ron McMakin, National City Shelley Park, Eastern Kentucky University President Elect Secretary Heather Boutell, Lissa Caldwell, KHEAA Past President Treasurer Nancy Melton, Jennifer Cosens, KHEAA Board of Directors

Public Four Year Private Representative Lori Dial, Murray State University Chris Thomas, Lender Representative Proprietary Representative Rosemary Tutt, National Education Donna Blair, Sullivan University Agency Representative Two Year Public Robin Buchholz, KHEAA Michael Barlow, Lexington Community College Committee Chairs

Fall Program Chair Newsletter Runan Pendergrast, Lexington Community April Kendrick, Eastern Kentucky College University Spring Program Chairs Long Range Planning Pat Arauz and Rebecca Carson Michael Morgan, KHEAA Public Relations Archivist/Historian Laura Leather, Leslie Kaelin, University of Louisville Training Medical School Rhonda Swim, Morehead State Articles and Bylaws University Lissa Caldwell, KHEAA Lissa Caldwell, KHEAA Awards Nominations Rick Wilson, Bowling Green Technical Michael Morgan, KHEAA Budget and Finance KASFAA Training Charles Vinson, Murray State University Lynda George, College Goal Sunday Runan Pendergrast, Lexington Rhonda Bryant, University of Kentucky Community College Diversity Concerns Vendor/Sponsor Michael Abboud, University of Louisville Theresa Hulsey, PNC Bank Legislative Issues Website Technology Robin Thomerson, KHEAA Chris Thomas, Berea College Membership Sandy Neel, University of Louisville

KASFAA 2 Fall 2003 Editorial Note: We encourage letters to the editor, original articles, photographs, announcements and reports. Items of interest are gladly accepted and can be given to any member of the newsletter committee.

Contact the editor for questions, rates and insertion dates.

Editor: April Kendrick Eastern Kentucky University SSB CPO 59 Richmond KY 40475-3159 (859) 622-2220 [email protected]

Newsletter Committee: Terri Parchment, Edsouth, (615) 969-6794, [email protected] Wendi Dailey, KHEAA, (502) 696-7238, [email protected] Leslie Kaelin, U of L School of Medicine, (502) 582-5187, [email protected]

The KASFAA Newsletter is published three times a year.

2003-2004 Executive Board

Front row, left to right: Leslie Kaelin, Donna Blair, Robin Buchholz, Ron McMakin, Heather Boutell, Nancy Melton, Shelley Park, April Kendrick, Lynda George, Pat Arauz and Theresa Hulsey. Back row, left to right: Laura Leathers, Rick Wilson, Lissa Caldwell, Michael Barlow, Robin Thomerson, Chris Thomas, Jennifer Cosens, Rosemary Tutt, Michael Abboud, Charles Vinson, Runan Pendergrast, Rebecca Carson and Rhonda Bryant. Not pictured: Lori Dial, Sandy Neel, Michael Morgan and Rhonda Swim.

KASFAA 3 Fall 2003 All-AmericanFrom Edamerica Dreams Edsouth is now Edamerica – providing low-cost student loans nationwide.

We've evolved from a small, efficient start-up company into one of the nation’s fastest growing student loan providers. Over the past 15 years, we've expanded our dream zone from our own backyard in Tennessee to students and families across America. Uninterrupted financial growth has sustained our vigorous geographic expansion and has enabled us to fulfill dreams and transform lives throughout the country. That’s why Edsouth is now Edamerica.

Edamerica is always looking ahead, down the road and through the clouds to the next extraordinary idea, the next revolutionary product, the next remarkable way to create access to higher education. It's what we do, working together with students, parents and schools.

Supporting dreams. Transforming lives. That’s Edamerica.

800.337.1009 • www.edamerica.net

KASFAA 4 Fall 2003 AA YearYear inin ReviewReview B Y Nancy Melton

Pell grants have risen a dollar or two, Yolanda is now with us, John and Greg are too, State grants are now closer to what they should be, PTo help pay for college, room , board and fees. NASFAA in New Orleans, was nice and the food so fine… In Jacksonville, we heard Jeff Baker discuss exit interviews and going online. Our thanks go to Sandy, Chester and the Mariott crew for a fall conference that was top of the line. A special thanks to Rosemary, Chester and others for providing a great conference in Bowling Green, off I-65.

What a good time we had in Bowling Green, dining at the Corvette Museum, Celebrating our past and looking forward to a bright future. Catching up with Johnny, Peggy, Betsy, Ron and others. Wishing them all well in their future endeavors.

Now it's summer and I have only one regret, I can’t do the electric slide, oh, what the heck! But, I’ve really learned to communicate by phone and on line. I’ve got cell, home, and pager numbers for most of you, certainly, for Chester, Rosemary, and Heather to name a few. It’s really been fun conversing with all, at conferences, committees meetings, airports and malls.

This past year as President with KASFAA was fun, But, something all of you could have done. Again, thanks to all of you for the important things that you do, So students in Kentucky can learn and be productive too. Let's keep in touch and I’ll look forward to seeing each of you soon. When Ron and his new crew move KASFAA forward, and we’ll learn what new things in financial aid we must do! Take care and God Bless Nancy Melton, Past President, KASFAA

KASFAA 5 Fall 2003 News from around Kentucky

What’s New at Bellarmine University Kate Brabandt has joined the Bellarmine University Office of Financial Aid as a financial aid counselor. Kate comes to Bellarmine from the Kentucky Medical Association. She worked in Transylvania’s office as a student worker a few years ago. We welcome Kate to Bellarmine and to KASFAA!

Wuinee promoted to Vice President for Enrollment Management Bellarmine University has announced David R. Wuinee has been promoted to vice president for enrollment management. He most recently had served as assistant vice president for enrollment management. In this role, Wuinee will provide operational oversight of the officers of admissions, financial aid, registrar, and advising. He also will focus on services offered and facilitate cross training of staff. Wuinee came to Bellarmine in 1996 as director of financial aid, and since that time also has served as director of enrollment management and assistant vice president for enrollment management. Wuinee holds a bachelor’s degree from Saint Anselm College in Manchester, N.H., and a master’s degree in higher education administration from the University of South Carolina. He began his professional career at Transylvania University in Lexington, Ky., as an admissions counselor. He later served as assistant director of financial aid before coming to Bellarmine. In addition to his obligations at Bellarmine, Wuinee remains active in various community and professional organizations. He has chaired numerous committees and served as a conference chairperson for the Kentucky Association of Student Financial Aid Administrators (KASFAA) and as a professional development trainer for the Southern Association of Student Financial Aid Administrators (SASFAA).

Changes at 5th/3rd Ron Helton has been promoted to Vice President. Timothy Green has been promoted to Assistant Vice President. Anthony Bowles is the new Student Loan Representative.

Kitty’s Moved Kitty Hall’s new address: Telephone 455 Chelsea Drive 859-234-8142 Cynthiana, KY 41031 or 1-800-242-1200 Fax ext 5446 859-235-8977

E-Mail kitty.hall@usbank,prserv.net

KASFAA 6 Fall 2003 News from around Kentucky

New to Louisville Technical Lisa Bailey started as Director in November. Jodie Huff and Kelley Hornback are new coordinators. Welcome to KASFAA!

Recent Changes at EKU Tiffany Baker recently became the new Financial Aid Counselor at Eastern Kentucky University. Tiffany is not new to financial aid or to EKU. Tiffany has over 10 years of financial aid experience in our office. We are very excited to have Tiffany as our new counselor!

Paula Puttet has been promoted to Financial Aid Information Systems Specialist. Paula has been with the EKU financial aid office since 1978 and her career began under the leadership of the late Herb Vescio. Paula keeps the division of financial aid running on top with her computer mastery. Congratulations Paula!

KHEAA Changes Rebecca Gilpatrick has been promoted to KEES Coordinator in the Student Aid Branch, replacing Tim Phelps, who now coordinates KHEAA State Grant programs. She recently served as Student Financial Assistance Program Coordinator in the Policy and Client Services Branch. Gilpatrick Becky Kiper of KHEAA Guarantee Operations has recently been promoted to Student Loan Program Reviewer II. SASFAA ANNOUNCEMENT 2004 SASFAA attendees, please plan on arriving in Birmingham a day early so that you may take advantage of the unique community service/ diversity outreach opportunity SASFAA is sponsoring. Although the conference officially begins Sunday, February 15th, SASFAA is currently organizing a financial aid workshop for Saturday, February 14th that will closely resemble our College Goal Sunday. Rice In addition to hearing from speakers such as President Bush’s National Security Adviser, Condoleezza Rice, Birmingham area students and their families will have the opportunity to receive personalized financial aid assistance from SASFAA volunteers like you. Don’t let this outstanding volunteer opportunity pass you by! Plan to join SASFAA on Saturday, February 14th in Birmingham. If you have any questions or would like to learn more about how you can get involved, please do not hesitate to contact : Public Relations/Financial Aid Awareness Chair, Laura Leathers, at [email protected]. KASFAA 7 Fall 2003 KASFAA 8 Fall 2003 UPdate

By Heather Boutell President- Elect, KASFAA I attended NASFAA in Salt Lake City on behalf of KASFAA. The conference was a wonderful experience for many reasons; I had never visited that part of the West before, and I managed to learn some exciting new things and connect with other financial aid colleagues from all over the country. The theme of the conference, which ran from July 9-12, “Reconnecting with Students”, took on many different meanings as sessions were presented and speakers shared their thoughts. The conference began with a keynote address from Bonnie St. John, paralympic silver medalist in 1984. Bonnie’s leg was amputated at age 5, yet she managed to win the silver for the USA in downhill skiing. Her words were full of emotion as she continued to assert to us, “I am what you do.” She stressed the fact that winners all fall down, but the ones that get up the fastest take home the gold. Throughout the conference, I attended sessions presented by financial aid professionals or Department of Education officials. St. John Some of special interest to me were “FERPA in a Technology Age”, “Return of Title IV Funds”, and “Electronic On-line Awards”. Dallas Martin, NASFAA President, Brett Lief, NCHELP, and others presented a general session on Reauthorization, which focused on the 3 A’s: Accessibility, Affordability and Accountability. They encouraged us to take on Reauthorization at the grass roots level, and for us all to contact our Congress members with success stories from students, to allow our voices to be heard on burning topics (loan level limit increases, refinancing of consolidation loans, Pell as a true entitlement, origination fee elimination). I personally would love KASFAA to contact each Congress member from Kentucky with a success story of one of our students, and include some of the important issues we want to see addressed with this Reauthorization. Free time during the conference allowed me to visit Park City and to see Olympic medalists and hopefuls train on ski jumping, to visit Temple Square to see the Mormon influences and the tabernacle organ, and to meet with SASFAA friends Ron Day, Janet Sain and Karen Koonce. Of course I managed to spend some time in the vendor area catching up with lender friends and bringing home goodies for the office. The conference ended with an excellent speech by Liz Murray, whose life was profiled in the documentary Homeless to Harvard. She talked about the obstacles she overcame (drug addicted parents, homeless) in order to earn a scholarship to Harvard. Not too many Kentucky financial aid professionals were able to attend this conference, so I have passed along session information and suggestions to Runan Pendergrast, Fall Program Chair. I enjoyed my time in Salt Lake City, and I (as well as Bellarmine) appreciate the opportunity to represent the state of Kentucky at this conference. I have already made my reservations for NASFAA next summer, which will be held in Minneapolis, MN, July 18-21, 2004. Won’t you mark your calendar and join me?

KASFAA 9 Fall 2003 444 Bright Ideas: Ways to extend your reach by working with alumni

By Katie Bontrager booklet that covered the Your school’s alumni- USA Funds Services following topics: relations office can tell you (866) 497-8723, Ext. 8440 ■ Finding affordable whether your campus has a [email protected] housing. young-alumni group. To promote debt- ■ Obtaining the right Planning special management and financial health, car and renter’s reunion-event responsibility, many insurance. programming. financial-aid administrators ■ Budgeting. Reunion events are a work hard to provide ■ How to be successful good way to mix personal- during the first year in students with information enrichment33 programs with a the workplace. 333 and tools to prepare them for visit to the alma mater. life after college. Assisting with Many schools now offer a You can partner with your young-alumni groups. programming series as part alumni-relations office to A growing trend among of class-reunion or enhance these efforts alumni associations is to homecoming festivities. following graduation. develop22 2groups of alumni Financial-aid staff can ® 22 USA Funds ’ Debt- who have been out of school partner with the alumni Management Team suggests 10 years or less. association to offer a the following four These young-alumni program that includes strategies that financial- groups focus on alumni giving, career- aid and alumni-relations information related to planning strategies, and offices can employ to issues important to this age savings and retirement educate graduates about group. Some topics include planning. sound money management: the following: Check with your alumni- Developing guides for ■ Auto financing. relations office for more life after college. ■ House-buying tips. information. The alumni association of ■ Retirement planning. Include one postsecondary ■ Financial management. debt-management institution111 employing this ■ Student-loan repayment. information in 11 ■ Budgeting. tactic sees its graduating alumni mailings. classes as more than a ■ Career management. Alumni often receive recruitment ground for new The financial-aid office mailings from the school members. and alumni association can 44 updating444 them about the The association also sees coordinate efforts to latest campus news and a need to educate its provide materials or soliciting them for graduates about the programs to this audience contributions. financial and practical about student-loan- By working with alumni challenges of life after repayment options, relations, financial-aid college. deferment, forbearance, staff can contribute money- All of the school’s 2002 loan consolidation and management information to graduates received a budgeting. these mailings.

KASFAA 10 Fall 2003 If your alumni-relations office sends a newsletter to graduates, your financial-aid office can offer to supply articles to the newsletter. Be sure to target the article topics to the different ages of the graduates, so alumni receive information FYI that is relevant to their situation. Some suggested topics include the following: For more debt-management tips and techniques, visit www.usafunds.org/ ■ Student-loan repayment. debt_management/ ■ Saving and paying for college. debt_mgt.htm on the USA ■ Scholarship-search techniques. Funds Web site. Relationships built between financial aid and alumni- relations offices can bring tremendous value to both offices. The financial-aid office benefits by being able to educate constituents, beyond the confines of campus, about issues that can affect the school’s default rate. The alumni-relations office benefits by having alumni who are better educated about financial matters and may be more inclined to make financial contributions to the school.

“When students come to me for financial aid, I turn to Ron at National City.”

With thirty plus years of financial aid experience, National City can make helping your students a little easier.

We do this by offering competitive loan programs for every student. And dedicated representatives, like Ron McMakin, will be with you every step of the way.

To make your job easier, call Ronald McMakin at 502-581-5305 or e-mail him at [email protected]. Or, for more information, call 1-800-622-5097 or visit www.studentlender.com.

KASFAA 11 Fall 2003

Dear KASFAA Member:

The Program Committee invites you to attend our fall conference. The conference will be held October 29 - 31, 2003 in Florence, KY at the Hilton Greater Cincinnati Airport, 7373 Turfway Road. The theme of the conference is, “GET A CLUE WITH KASFAA”.

The program committee has been working diligently to provide sessions that will appeal to new aid officers, seasoned veterans, as well as those who are in between. We are excited to have Susan Luhman, from NASFAA, to inform us on what NASFAA can do, as well as NASFAA’s procedures on creating a Policy and Procedures manual. We are happy to have Yolanda Blackman, from the U.S. Department of Education, back to bring us our Federal Update, as well as additional sessions on federal issues regarding Financial Aid.

New KASFAA members are invited to attend a special new members workshop on Wednesday, October 29 at 10:30 a.m., followed by a luncheon with the KASFAA Executive Board. If you plan to attend either event, please contact Sandy Neel at 502.852.5511 or [email protected] no later than October 10, 2003.

A conference is not complete without our fellowship opportunities. Join in the merriment Wednesday night at the President’s Reception for an Oktoberfest and Dance. There will be plenty of brats, kraut, and other delights. Thursday night catch up with old friends and meet new ones at the banquet. We are sure to have a good time.

Conference registration must be postmarked by October 11. You can register for the conference on-line at www.KASFAA.com. Hotel room rates are as follows, single or double occupancy $89.00 plus tax, per night, triple or quad occupancy $99.00 plus tax, per night. Hotel Reservations may be made calling 1.800.HILTONS or 859.371.4400. Hotel reservations must by made by October 11, 2003. We look forward to seeing you in Florence.

Sincerely,

Ron McMakin, Runan Pendergrast, KASFAA President Fall Program Chair

KASFAA 12 Fall 2003 CA C deadly incentive

ou’re invited to Otto’s Pub and Grub for a KILLER treasure hunt. It promises to be the conference event Y of a lifetime. The prize (assuming you survive, of course) is a priceless Otto family heirloom.

Your mission, should you choose to accept it, is to solve a murder (or two). Are you up to the challenge? Who among you will be a cold-blooded killer? A victim? Be warned and beware, it could be the person standing right next to you!

October 29, 2003 n 7:00 p.m. n Otto’s Pub and Grub Hilton - Salon II n Florence, KY

KASFAA 13 Fall 2003 Tentative Program 2003 FALL CONFERENCE ❍ Get A Clue With KASFAA October 29 – 31, 2003 ❍ Hilton Inn ❍ Florence, Kentucky

TUESDAY, OCTOBER 28, 2003 4:00 – 7:00 Executive Board Meeting

WEDNESDAY, OCTOBER 29, 2003 10:30 – 12:00 New Members Workshop 12:00 – 1:00 Executive Board / New Members Luncheon 12:00 – 5:00 Exhibits Open 12:00 – 4:00 Registration 2:00 – 2:30 Welcome and Conference Overview 2:30 – 3:45 Opening Session: Reauthorization 4:00 – 5:00 Concurrent Sessions Diversity: Gender Issues Creating a Policy and Procedures Consolidation Loans NSLDS and Transfer Monitoring 7:00 – until President’s Reception OKTOBERFEST

THURSDAY, OCTOBER 30, 2003 8:00 – 10:30 Late Registration 8:00 – 5:00 Exhibits Open 8:00 – 9:00 Breakfast 9:15 – 10:15 Federal Update 10:30 – 11:30 Concurrent Sessions Students and Credit Card Debt COD for Non Direct Schools Professional Judgment Navigating IFAP Building Your Knowledge 11:45 – 1:00 Luncheon 1:15 – 2:30 Concurrent Sessions Working in the Business World Online Award Letters – Issues and Demos What Servicers Do What NASFAA Can Do For You 2:45 – 3:45 Concurrent Sessions KHEAA’s Financial Aid Delivery System Personal Financial Planning Financial Aid Fraud Public Speaking 4:00 – 5:00 Concurrent Sessions Consolidation Loans (repeat session) What to Look for in Alternative Loans Book Review – Who Moved My Cheese C-Code/ISIR Conflict Resolution 6:00 – 8:00 Banquet

FRIDAY, OCTOBER 31, 2003 8:00 – 9:00 Breakfast 9:15 – 10:15 Concurrent Sessions Personality Traits KAPT- Program Future What Students and Parents Want from the Financial Aid Office 10:30 – 11:30 KHEAA Update 11:30 Adjourn Program is subject to change

KASFAA 14 Fall 2003 Greater Cincinnati Airport

WELCOMES Kentucky Association of Student Financial Aid Administrators October 29 – 31, 2003 Make Your Reservations Now Group reservations are being held in the above name. If you call in your reservation, you must mention the group name to get the group rate. Please note that credit cards will be posted as prepayment. Check-in is 3:00 p.m. and check-out is 12:00 p.m. American Express, Discover, Master Card and Visa are accepted. The sleeping room rate is $89.00 for single or double occupancy, plus tax or $99.00 for triple or quad occupancy, plus tax. Cash paying quests are required to prepay one night stay. Please note that cash paying quests will be required to deposit $10.00 per night at check-in to cover phone calls and additional charges such as in-room movies and room service.

Kentucky Association of Student Financial Dates: October 29 – 31, 2003 Aid Administrators C REDIT CARD INFORMATION ______Please circle one:American Express/ Discover/ /Master Card/ Visa Last Name First Name Middle

______

______

Street address Card holder Name

______

______

City State Zip Card Number Exp. Date

______

______

Work Phone Home Phone Cardholder Signature

Arrival Date: ______Departure Date: ______

Sharing Room With: ______

Please indicate room type: Two Double Beds One King Bed Handicap Accessible

Please indicate room preference: Non-smoking Smoking NOTE: Room type and preference based upon availability. The above information is a request only and not a guarantee.

KASFAA 15 Fall 2003 5/3rd

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   +,-../0 KASFAA 17 Fall 2003 KHEAA/KHESLC Update KASFAA Newsletter August 2003

Dear KASFAA Member:

By the time you read this, I will have been in Kentucky just two short years. Time really flies when you are having fun enjoying what you do and the people you work with. Not only have I thoroughly enjoyed my time in the Bluegrass State thus far, I have been most encouraged by the cooperation and support that KHEAA and KHESLC receive from all our partners in the student financial aid community.

2003 was a most productive and impressive year of growth for both organizations and a major part of that growth and success was due to the contributions that you make every day to assist us in our common mission to serve the students and families of the Commonwealth in the pursuit of better lives. Thanks to your generous support throughout the year, the students and families of the Commonwealth received:

• $116.6 million in state student financial aid. • Over $330 million in FFELP student loans. • Over $10.4 million in borrower benefits and $3 million in contributions to the state student aid programs.

A major part of our success this past year was certainly due to the collaboration and cooperation received from our Student Aid Advisory Committee, our Outreach Advisory Committee, and the Go Higher web initiative. The willingness of representatives of all sectors of higher education, especially KASFAA members, and related agencies to come together to assess what we do, how we do it, and to make candid and constructive suggestions for improvement have been most impressive and a major factor in the continued success of both KHEAA and The Student Loan People. We highly value and respect our relationships with all our partners and will strive to continue to earn your support and participation in our programs and services.

For the first time in the history of our state, representatives of the Council on Postsecondary Education, Kentucky Department of Education, the Association of Independent Kentucky Colleges and Universities, Kentucky Department of Adult Education and Literacy, the Kentucky Community and Technical College System,

KASFAA 18 Fall 2003 Kentucky Virtual University, Kentucky Virtual Library, and our eight public universities have come together to launch a comprehensive statewide Web site for all higher education. With an anticipated launch date of late spring 2004, “Go Higher, Kentucky!” will provide students and families, as early as the eighth grade, a comprehensive, interactive Web site for all higher .

In addition, our advisory committees gave suggestions that led us to:

• Improve the delivery and portability of state grants. • Redesign our publications to make them more attractive, colorful, and interesting for students. • Begin expansion of statewide outreach with additional staff to attend college fairs and make financial aid presentations to students and families. • Enhance and refine institutional reports and files for student aid programs.

Finally, after years of discussion and deliberation, our two organizations saw the respective boards of directors come together, first by the Governor’s Executive Order, and ultimately by ratification of the 2003 General Assembly. This coming together of the boards of KHEAA and KHESLC represents a bold and courageous effort to achieve greater efficiencies and improvements in service for both organizations. By combining functions, eliminating duplicative services, and avoiding repetitive and redundant processes, both KHEAA and KHESLC improve services and lower costs. This sharing of one board by two organizations acknowledges a common mission and a common purpose to serve the students, families, schools, and lenders of the Commonwealth of Kentucky in the most cost effective manner possible.

We live in challenging times with many important issues in higher education. Our willingness to work together through KASFAA and our many other affiliations will be crucial to our success in the uncertain times ahead. With a new Governor, a new legislative session in January, and reauthorization of the Higher Education Act just around the corner in 2004, our plate is full. KHEAA and The Student Loan People are committed and united in our efforts to listen, learn, and respond to these challenges in a manner that demonstrates our commitment to serve you, the KASFAA membership, and your students in ways that will continue to improve the delivery of student financial aid in Kentucky, promote training and technical support to all our partners (high school counselors, financial aid administrators, and lenders), and increase the college-going rate for the citizens of the Commonwealth.

In closing, I look forward to the year ahead and the opportunities to serve you, our partners, in providing the financial aid so vital to the success of Kentucky’s college students. We look forward to working with you to build an even stronger KHEAA, KHESLC, and KASFAA. Best wishes to each and everyone to have a really great year!

Dr. Joe L. McCormick KHEAA/KHESLC Executive Director

KASFAA 19 Fall 2003 New Alternative Student Loan Offered To Cover Rising College Costs With college costs rising each year, financial aid experts have identified a gap between actual costs of higher education and traditional state and federal student financial aid programs. To respond to this need, The Student Loan People now offer KY Advantage—a low-cost alternative loan program that can help Kentucky students manage, control, and minimize their educational debt burden. “We always encourage students to first seek free student aid—grants, scholarships, and waivers—and finally, if necessary, low-interest Federal Stafford Loans to pay for their college expenses,” said Executive Director Dr. Joe L. McCormick. “However, Federal Stafford Loan limits have not increased since 1992 and have not kept pace with increasing college costs. Alternative loans are often especially needed by medical and law students and others studying in professional fields.” The Student Loan People sought and received approval from the 2003 Kentucky General Assembly to finance alternative student loans. Features of KY Advantage include:

• Loan amounts from $1,000 to $20,000 • Competitive interest rates • Low origination fees • In-school deferments • Six-month grace period once out of school • Repayment periods of 5 to 15 years (based on credit rating)

Higher Education Policy Conference Scheduled this Fall KHEAA Partners are invited to attend the Kentucky Long-Term Policy Research Center’s 10th Annual Conference, At the Cross Roads: Prospects for Kentucky’s Educational Future from Preschool to Postsecondary. The conference, jointly sponsored by KHEAA and The Student Loan People, will be held Tuesday, November 18, 2003, from 8 a.m. until 5 p.m., at the International Convention Center, Louisville. Co-sponsors include the Association of Independent Kentucky Colleges and Universities; Council on Postsecondary Education; Education, Arts, and Humanities Cabinet; Kentucky Chamber of Commerce; Kentucky Department of Education; Office of Early Childhood Development; and The Prichard Committee for Academic Excellence. Featured speakers include Virginia Edwards, President of Editorial Projects in Education and Editor of Education Week and Teacher Magazine; Dr. David Longanecker, Executive Director of the Western Interstate Commission for Higher Education; and Dr. Thomas R. Wolanin, a long-time Senior Associate at the Institute for Higher Education Policy Studies. U.S. Senator Mitch McConnell, Kentucky’s senior congressional officer, has been invited to give the keynote address. Governor Paul E. Patton will outline the accomplishments of the past eight years while his successor (invited) presents his vision for the future of education in the Commonwealth.

For more information or to register online: visit http://www.kltprc.net/conference2003.htm

KASFAA 20 Fall 2003 KEES Study The Subcommittee on Postsecondary Education of the 2003 Interim Joint Committee on Education heard testimony from five higher education leaders about substantial increases in tuition in Kentucky at the August 4 meeting.

Presenters included Dr. Joe Marks, Director of Education Data Services for the Southern Regional Education Board; Dr. Thomas Layzell, President of the Council on Postsecondary Education; Dr. Lee Todd, Convener of the Kentucky Council of University Presidents and President of the University of Kentucky; Mr. Ken Walker, Vice President of Finance for the Kentucky Community and Technical College System; and Dr. Gary Cox, President of the Association of Independent Kentucky Colleges and Universities.

No information was presented on whether increases in financial aid are keeping pace with tuition increases, but there will possibly be a presentation on financial aid at the subcommittee’s next meeting on September 8. It is important to note that the Governor’s Office of Economic Analysis has reported that another shortfall of $275 million is likely this year; so additional funding for student aid is unlikely.

Financial aid officers in attendance were Dave Cecil, Transylvania University; Shelley Park, Eastern Kentucky University; and David Prater, University of Kentucky. Dr. Joe McCormick, Dr. Mel Letteer, Blake Tanner, Janice Ernst, Jo Carole Ellis, and Dr. Carl Rollins attended the meeting on behalf of KHEAA and KHESLC.

FY2003 Student Aid Disbursements KHEAA disbursed more than $116 million in student aid to more than 105,000 recipients during FY03. Following are year-end totals as of July 31, 2003.

Programs Recipients Amount Disbursed CAP 35,550 $36,265,600 KTG 10,230 $15,366,700 KEES 56,010 $58,067,500 Teacher Scholarship 570 $1,909,500 KNGTAP 860 $2,195,200 OMS 110 $1,353,600 ECDS 920 $599,400 KWSP 1,110 $901,500

Total 105,360 $116,659,000

An FY03 year-end student aid report by institution will soon be distributed via KHEAA Partners as suggested by members of the Student Aid Advisory Committee.

KASFAA 21 Fall 2003 KEES Awards Approximately 35,800 KEES award notifications were mailed in early August to high school graduates and Jeff Green Scholars (those who had a 4.0 GPA throughout high school and 28 or better on the ACT).

Notices are also being sent to returning high school students (grades 9-11) advising them that their KEES account has been updated and directing them to the KEES Web site.

McKeon Bill on National Student Aid Advisory Committee Congressman Buck McKeon (R-CA), along with a bipartisan group of lawmakers, recently introduced the Financial Aid Simplification Act (H.R. 2956), a bill that would begin the process of simplifying the federal financial aid process, making it easier and more understandable for students and families to participate in the federal student aid programs. The measure would require a thorough examination of the federal student aid formula and the FAFSA. Source: NCHELP Morning Briefing July 31, 2003

NCAN Membership The National College Access Network Board of Directors recently voted to admit KHEAA into the organization. NCAN is a national support and advocacy organization for college access programs across the country. NCAN and its members share one clear- cut focus¯to help more first generation, low-income students access, finance, and complete higher education.

Reathorization Update

Time Line • When Congress returns from its August recess, it is anticipated that the House Committee on Education and the Workforce will begin work on bills to reauthorize the Higher Education Act (HEA). • The Senate has not yet begun Reauthorization proceedings; however, Reauthorization may still be completed by Summer 2004. • The Department of Education has not yet submitted formal Reauthorization proposals.

Recent Legislation • On July 25, 2003, the Financial Aid Simplification Act (HR 2956) was introduced. This bill directs the Advisory Committee on Student Financial Assistance to conduct a study including simplification of the needs analysis model in the HEA. • On August 18, President Bush signed into law the Higher Education Relief Opportunities for Students Act of 2003 (HEROES). The bill will ensure support for military personnel

KASFAA 22 Fall 2003 • by allowing the U.S. Secretary of Education to provide the appropriate assistance and flexibility to our men and women in uniform as they transfer in and out of postsecondary education during times of war and military deployment.

Current Discussion Items • Consolidation and Refinancing of Student Loans—Congressional members have received constituent inquiries concerning consolidation and the ability to refinance student loans; therefore, there is interest in discussing this issue even though the original intent of consolidation did not include refinancing options. Discussions will likely include not only the cost factors associated with a refinancing option, but also whether federal subsidies should be at the beginning or the end of the student aid process.

• Loan Limits—Student groups continue to oppose increases in loan limits. The ability to increase loan limits is currently being scored for cost implications. Cost factors are expected to influence efforts to increase loan limits.

• Pell—The Senate may still attempt to increase Pell awards to $4,500; however, the Pell base is so large that an increase in individual awards has significant cost implications.

• Fees—Student loan fee reduction is still being discussed; however, cost implications are a major factor in those discussions.

If you have Reauthorization questions, contact Robin Thomerson at [email protected] or (502) 696-7270.

AmSouth (Camera Ready)

KASFAA 23 Fall 2003 Partners in Higher Education

800.928.8926 888.678.4625 www.kheaa.com www.studentloanpeople.com

KASFAA 24 Fall 2003 KHEAA and The Student Loan People do not discriminate on the basis of race, color, national origin, sex, religion, age, or disability in employment or services and provide, upon request, reasonable accommodations to afford individuals with disabilities an equal opportunity to participate in all programs and activities. Printed with State Funds KRS 57.375. 08/03 Volunteers sought for College Goal Sunday

By Sandy Neel College Goal Sunday Co-chair Once again the College Goal Sunday Committee has begun planning for the February event. College Goal Sunday 2004 is scheduled for Sunday, February 8th. The committee will hold the first meeting in September and will continue to meet monthly until the event takes place. We will host the event statewide so many volunteers are needed. If you are new to KASFAA or have never volunteered to assist with College Goal Sunday, please consider volunteering. It is truly a worthwhile project and an easy way to get involved in KASFAA. Rhonda Bryant from the University of Kentucky is chairing the committee this year. She has been on the committee since the program’s inception. Other Committee members include; Sandy Neel, Co-chair, University of Louisville, Shawn Anderson, Somerset Technical College, Tim Ballard, KHEAA, Lissa Caldwell, KHEAA, Jennifer Cosens, KHEAA, Kathy Hodges, Elizabethtown Technical College, Runan Pendergrast, Lexington Community College, Meredith Robinson, KHESLC, Chris Tolson, Campbellsville University and Rick Wilson, Bowling Green Technical College. New to the committee this year is Willie Peterson, KY State University and Rhyan Conyers, . We are looking forward to another successful College Goal Sunday!

>> Great Lakes FASTPLUS TM

The online PLUS MPN with e-signature > Integrate FASTPLUS resides on the school’s Web site while communicating with Great Lakes’ loan processing system. > Track Borrower Activity Schools receive notification of FASTPLUS activity and may choose from a variety of reporting options. > Customize FASTPLUS provides customizable text, choice of graphics, and color options.

To learn more visit www.mygreatlakes.com or call toll-free 1-866-464-7855

KASFAA 25 Fall 2003 Farmington House, June Transition Meeting 2003

KASFAA Commitee Chairs

KASFAA 26 Fall 2003 Former KASFAA Treasurer indicted! Heather Boutell Ron McMakin, KASFAA President Ron McMakin, KASFAA Runan Pendergrast, Program chair

KASFAA 27 Fall 2003 Responding to Loan Consolidation Inquiries: Resources for Financial Aid Administrators

By Grady Collins, TG Loan consolidation is a popular topic. With interest rates falling again, you may find more and more borrowers contacting your office seeking assistance or additional information on consolidation options. As the summer progresses and preparations continue for the increasing fall traffic, financial aid professionals may need every resource at their disposal to most effectively respond to these requests. To assist you with borrowers’ inquiries about loan consolidation, TG has created a convenient clearinghouse for available resources. Consolidation Station ( http://www.tgslc.org/borrowers/consol.cfm ) is a free resource that can address your consolidation information needs. Use the valuable information presented for training your staff, for offering to borrowers who are seeking answers to their questions, or for ready-reference resources when questions arise.

An Overview of the Federal Consolidation Loan Program

Available at: http://www.tgslc.org/borrowers/consol_overview.cfm This overview is an excellent primer offering basic information every borrower should know about loan consolidation. Divided into brief sections on “Types of loans that may be consolidated,” “Interest rate considerations,” “Selecting a lender or servicer,” and “Extending your repayment terms,” this resource can assist borrowers who are just beginning to explore their options.

Six things you need to know about taking out a Federal Consolidation Loan

Available at http://www.tgslc.org/borrowers/consol_six.cfm

Some of your inquiries may be from borrowers who want to “cut to the chase” and are seeking a quick summary of the benefits and drawbacks of consolidating their federal student loans. “Six things you need to know” delivers a useful list of major considerations that borrowers should evaluate before consolidating. Although every borrower should be cautioned that this list is not comprehensive (there are many exceptional circumstances that vary from one situation to the next), you may find this to be a useful tool to outline major considerations when evaluating consolidation options.

Frequently asked questions about loan consolidation

Available at http://www.tgslc.org/borrowers/consol_faq.cfm

KASFAA 28 Fall 2003 Covering such topics as timing issues, deferment issues, lender issues, underlying loan issues, repayment issues, and spousal consolidation, this series of thorough responses can help borrowers better understand various facets of loan consolidation. A product of one of TG’s recent Telephone Conference Series (find out more at http://www.tgslc.org/custfocus/teleconf.cfm ), this resource can also be included in your training materials to prepare counselors on the topic.

Lower payments, larger payout-is it worth it?

Available at http://www.tgslc.org/borrowers/consol_repay_chart.cfm Some borrowers start exploring consolidation because they are attracted to the idea of a lower monthly payment. For these borrowers, the challenge becomes demonstrating to them how extended payment periods increase the amount of interest that is paid throughout the life of the loan. “Lower payments, larger payout” offers three concrete examples of the long-term financial impact that should be expected in these situations. By using this tool that demonstrates the impact of interest, borrowers are more likely to make sound decisions about repaying their student loans. As always, please do not hesitate to contact TG if you have any questions or require any assistance. Our customer assistance team is eager to offer objective, helpful advice to any borrower, school, or lender-just call (800) 845-6267 or send an e-mail message to [email protected].

Grady Collins is a National Account Representative with TG serving schools in Kentucky. You may contact Grady at (800) 252-9743, ext.4970, or by e-mail at [email protected] . Additional information about TG can be found online at www.tgslc.org

KASFAA 29 Fall 2003 Join your KASFAA colleagues for the NASFAA Fall 2003 Workshop Series Student Eligibility Thursday, November 13, 2003 KHEAA Building Frankfort, KY

The NASFAA Fall 2003 Training Workshop will focus Student Eligibility. Issues to be addressed include:

■ Academic requirements for admission vs. eligibility for Title IV aid ■ Database matches ■ Citizenship/eligible non-citizens ■ Overpayment/default ■ Veteran’s status and definition ■ Drug convictions and criteria for rehabilitation programs ■ Impact of institutional policies on student eligibility ■ Enrollment status tracking ■ Regaining/losing eligibility Participants will also receive an update for the Student Eligibility section of NASFAA’s Policies and Procedures template. Participants should bring a 3-ring binder for the training materials. Where: Kentucky Higher Education Assistance Authority (KHEAA) 100 Airport Road Frankfort, KY 40601

Date: Thursday, November 13, 2003

Time: Registration begins at 9:00 am. The workshop will begin at 9:30 am and is expected to end by 2:00 pm

Lunch: Lunch may be purchased at nearby restaurants.

Parking: On site parking is available at KHEAA.

Cost: There will be no cost to KASFAA members. Non-members may participate by paying the $20 KASFAA membership fee. (Packets may be limited to one per institution.)

Questions: Contact Barbara Palmquist @ UK, (859) 257-3172 ext. 241 or via email at [email protected]

Complete the enclosed registration form (and KASFAA Membership Form, if a non-member) and mail or fax to the address indicated.

The KASFAAA Membership Form is available on-line at http://www.kasfaa.com/ join.htm.

Sponsored by the KASFAA Professional Development Committee and underwritten by the Kentucky Higher Education Assistance Authority Authority (KHEAA)

KASFAA 30 Fall 2003 Join your KASFAA colleagues for the NASFAA Fall 2003 Workshop Series Student Eligibility Thursday, November 13, 2003 KHEAA Building Frankfort, KY W ORKSHOP R EGISTRATION F ORM

Workshop Location: Kentucky Higher Education Assistance Authority (KHEAA) 100 Airport Road, Frankfort, Kentucky

PLEASE PRINT OR TYPE:

(1) Name (Last, First, Middle) (2) Title

(3) Institution/Organization (4) Institution/Organization Street Address

(5) City (6) State (7) Zip Code

8) Phone Number (9) Fax Number (10) E-mail Address

Are you a member of KASFAA? (Membership dues paid for 2003-2004) Yes No *

* If you are not currently a KASFAA member, please complete the KASFAA Membership Form available on-line at http://www.kasfaa.com/join.htm and submit the membership form and membership dues of $20 with your workshop registration form.

Mail or fax this registration form to:

Barbara Palmquist Fax #: (859) 257-4398 Office of Student Financial Aid University of Kentucky 128 Funkhouser Building Phone: (859) 257-3172 x 241 Lexington, KY 40506-0054

If you are not currently a dues paying KASFAA member, please also submit the KASFAA Registration form and your $20 membership fee.

KASFAA 31 Fall 2003 Paying for college just got easier.

Parent loans from Union Planters. The cost of higher education

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undergraduate students features a 1% interest rate reduction. That’s

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or call The Student Loan Center at 1-888-712-HELP.

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Member FDIC Incentives offered are subject to change. © Copyright 2003 Union Planters Bank 09/2003 AD-L437

KASFAA 32 Fall 2003 KASFAA 2004 Nominations Form

Would you or someone you know like to volunteer for a position of leadership in KASFAA? As you know, we need your help to make our organization strong and effective? Volunteering is a great way to get involved, meet more people, and have a chance to make a great contribution! We need nominations for the following positions:

PRESIDENT-ELECT: ­­­­­­­­­­______Name of Applicant School/Organization VICE PRESIDENT: ______Name of Applicant School/Organization

SECRETARY: ______Name of Applicant School/Organization

FOUR-YEAR PUBLIC: ______Name of Applicant School

LENDER: ______Name of Applicant Organization

Nominations will run through January 2004. Start thinking about this now, so we’ll have a good slate of candidates for the spring election. If you or someone you know would like to apply, please complete this form and return it to:

Nancy Melton Alice Lloyd College 100 Purpose Rd. Pippa Passes, KY 41844 [email protected]

KASFAA 33 Fall 2003 Rely on us like they rely on you. Today, you need a partner who has the know how, compatible systems and one- to-one personal service you can rely on when it comes to hassle-free loan processing. Someone just like us. And that hasn’t changed for over 35 years.

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800-242-1200 usbank.com/studentloans Member FDIC

Eastern Kentucky University Financial Aid Office SSB CPO Box 59 521 Lancaster Ave. Richmond, KY 404745- 3159

April Kendrick KASFAA Newsletter Editor

KASFAA 34 Fall 2003